National Republican. (Washington City (D.C.)) 1872-1888, 1887-06-16
UNSETTLED IND rLvERIsn.
Tho Chicago Panic Influences tho
Stock Market Quotations.

New York, June 5.-There was moro
confidence in the stock market this morn
ing, which YVES aided by the purchases for
foreign account and reassuring advlces
from Chicago that the break was over.
Later, however, II was announced that the
Reading plan of reorganization without
foreclosure had been abandoned in conse-
quence Of the inability to bring the Schuyl-
kill Navigation Company to terms. The
tenor OF the Chicago dispatches underwent
a change, aud the failure Of Chicago
house, member OF the stock exchange
here, was announced. The bears immedi-
ately attacked the list, paying most atten-
and Jersey Central. The latter yielded
readily and broke nearly three points. The
market continued unsettled and irregular
throughout the day, and money was again
manipulated up to per cent.
There was good buying, however, late In
the afternoon, and with very few excep-
lions the final losses are for Insignificant
fractions only. Some disappointment was
caused by the failure OF the Vanderbilt
roads to declare the expected dividends to-
day, and this was made a pretext for an
attack by the traders upon those properties,
but they received good support and their
fluctuations were very light. A reduction
In the rates for sterling exchange late In
the day also tended to aid the recovery at
that time. The opening was active and
strongest at advances over yesterdays
closing prices Of from to per cent. The
opening figures were generally the highest
OF the day, prices early beginning to sag.
The activity was Of short duration and
toward noon decided weakness was devel-
oped.
The lowest prices were generally reached
In the neighborhood OF l o'clock, after
which slow but steady appreciation OF
values took place, which gathered force,
however, in the last hour, the close being
quiet, but firm, close to opening figures,
Business OF the day showed a marked fall
ing of from that OF yesterday, being only
2S0,22S shares.
Money on call has been easy, ranging
from to 8, last loan at 4, and closing
offered at 4. Sterling exchange is dull
and heavy. Actual business at 4Sit to 4Si!
for 6O-day bills and 1864 to 4S52 for demand
Posted rates 1859 to 1856. Government
bonds have been dull and steady. State
bonds have been neglected.
Treasury balances-C S135, ILL., 72
currency, Sl5 ,413, 1860.
The following were the closing bid quo
tations
as, 1924; AZ eoup.,, 1921 Pac, g g. @ @
e. d 1Sa 3 q NO. SeSS Is Of " Oa N 1CS obs
6. 1913; do, Is, 1907. Tennessee settlement 6s
JOG; do. Is, 1O2; Va. 6s, as; do. consuls y
i N. C., b5; Tenn. settlement 3s, 76la; Cent
Pac., 1st, ll774it D. 4 /; .,, 2; fst ps 5!
Isl, lis; DC DO. "a, 1915; A Northwest st
ern cons, 1879; do. debenture, 10
| st. L. & San Fran, III; St.. Paul Con-, 100
st. L., Chigo & Pac., LIST, 1921; South Pac. LIST
llTs bo, Eg&7 anton R Rsniess i
Alton s T. T. r. a; do J pref p; Ansric a
Can. Southern, -6O7s; Canton, So; Contra
Pac., 3s35; Ches. & Ohio, 81; Chic. & Alton lis
do. pref, 1862; G. b. & O., 1l5; Cleve'd & Col.
| 6l1S; Con. Coal, 20; Del. & Hud., 1927: Del. 4
L., 1867; Denver 4 r. g., 291a; Erie, 82JS; do
pref, y; Fort Wayne, 1855; Harlem, 2l9
| Aous. Tex. 2S; III. Cen. l2i; Kans !
s Char 81; NET, 4, 200; Mich Cent %; BAL Nc e
Chat. so; N. J. Central, 7sllS; Nix. & ". pref
5O1S; Northern Pac., 8l7s; do. pref, 594
Northwestern, 12OH; do. pref, liS; N. Y
Central, 1llJs; Chicago " st. L., lSh;. do
pref 1885,: Ohio " Miss, 29ls: do. pref. IS
| Or. Nav, 10l; Pac. Mail, $50; Pittsburg, 15i
Reading so; Rich & Aleg., 81; Rich. I!
DAN, $50; Rock /. 1871; st. L.; 8 F:
Pmi do PREF a SS 1 ia pref ST. 1 PsM 81
Union Pac, 59E; i. 8. x, q; wab. Pac,
1875; do. p, 3253 Wells Far. 1872; W. Union
| III; Tenn. Coal q Iron, 371I; Cotton Oi
Trust, 492S; Quicksilver. 6; do. pref. S2h.
| esrain ana PROVISIONS.
market, furnished BY b. K. Plain q CO., st. CioS
| Building. cornar of Ninth and H Gtreets.